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80% Of Central Banks Plan To Buy More Stocks

80% Of Central Banks Plan To Buy More Stocks

Regular readers remember how, when we first reported around the time of our launch eight years ago that central banks buy stocks, intervene and prop up markets, and generally manipulate equities in order to maintain confidence in a collapsing system, and avoid a liquidation panic and bank runs, it was branded "fake news" by the established financial "kommentariat." What a difference eight years makes, because today none other than the WSJ writes that "by keeping interest rates low and in some cases negative, central banks have prompted some of the most conservative investors to joi

India's Downward Spiral Accelerates: "The Real Pain Is Just Beginning"

India's Downward Spiral Accelerates: "The Real Pain Is Just Beginning"

Submitted by Jayant Bhandari via Acting-Man.com,

India’s Prime Minister Narendra Modi announced on 8th November 2016 that Rs 500 (~$7.50) and Rs 1,000 (~$15) banknotes would no longer be legal tender.

Sadly, the despondency visible in the old man’s facial expression has become a widespread phenomenon since the currency ban, particularly among India’s poor

 

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